Rogers: Washington Making It Worse

Tuesday, March 31, 2009 9:50 AM

By: Julie Crawshaw

Jim Rogers says he isn't buying stocks these days.

"I'd love to invest in equity markets around the world, (but) I can't find any I want to buy shares in, including the U.S.," Rogers told Fox News.

"The world's got a serious problem, mainly because these guys in Washington don't understand what's going on and they're making it worse."

The only place other than currency Rogers advises putting money now is commodities.

“We’re not going to have a period where the people who produce real assets are going to take over from the people who are money shufflers, and the power is moving to the farmers.â€